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Union Territories & Panchayats
State law may require every co-operative society's annual general body meeting to be convened within six months of the financial year's close, to transact whatever business the law specifies.
This ensures co-operative society members get a regular, timely forum (at least once a year) to review the society's performance and hold its management accountable, rather than management indefinitely postponing member meetings.
This is why a co-operative society's annual general meeting - where members review the past year's accounts and elect or re-affirm leadership - has a defined maximum timeline within which it must be held.